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IDX suspends KKGI stock trading

JAKARTA: PT Indonesia Stock Exchange (IDX) suspended share trading of PT Resources Alam Indonesia Tbk at both cash and regular markets following the jump in share price by 102.9% in the past month.As mentioned in the disclosure submitted to Indonesia

JAKARTA: PT Indonesia Stock Exchange (IDX) suspended share trading of PT Resources Alam Indonesia Tbk at both cash and regular markets following the jump in share price by 102.9% in the past month.As mentioned in the disclosure submitted to Indonesia Stock Exchange today, acting IDX Head of Transaction Supervisory Division, Eqy Essiqi, confirmed that the trading suspension was due to soaring companys share by IDR1,420 to IDR2,800 on December 8 from IDR1,380 on November 4.IDX shall temporarily suspend the share trading of Resource Alam to cool down trading on December 9, Eqy stated in the disclosure.The suspension is aimed to help investors to consider carefully their investment decision based on existing information of the KKGi-coded share company.The shareholders of the mining company are Deutsche Bank AG (private banking) Singapore A/C 214601-4000 (17.53%), Textron Holding Ltd QQ PT Optima Investama (16.27), OCBC Securities Pte Ltd Client A/C (15.8%), UOB Kay Hian Pte Ltd (11.29%), and Dunway Holding Ltd (6%).Meanwhile, Pintarso Adijanto and Swandono Adijanto, two of the listed companys directors, own 0.16% and 0.17%, each. (T01/NOM)

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